Question
Keith and Dena Diem have personal property coverage with a $250 limit on currency, a $1,000 limit on jewelry, and a $2,500 limit on gold,
Keith and Dena Diem have personal property coverage with a $250 limit on currency, a $1,000 limit on jewelry, and a $2,500 limit on gold, silver, and pewter. They do not have a personal property floater. If
$872
cash,
$2,469
of jewelry, and
$2,195
of pewterware were stolen from their home, what amount of loss would be covered by their homeowner's policy? If the Diems' deductible is
$500,
how much will they receive on their claim?
The amount of loss covered by the Diems' homeowner's policy is
(Round to the nearest dollar.)
Part 2
If the Diems' deductible is
$500,
the amount they will receive on their claim is
(Round to the nearest dollar.)
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